Conneaut Lake will be operated by court-appointed trustee

Posted Thursday, March 28, 2002 3:39 AM | Contributed by loriu

A panel of judges has designated a trustee to operate Conneaut Lake Park, home of the historic Blue Streak, in lieu of one of the original owners. The financially-troubled park owes more than $500,000 in various debts. The park's owner is suing for control.

Read more from AP via New Castle News.

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Thursday, March 28, 2002 4:11 AM
If they can continue to make an annual profit of $300,000 they should be able to easily service a $500,000 debt assuming that the profit isn't all needed for profit maintaining capital spending.
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Thursday, March 28, 2002 7:17 AM

I hope they succeed, because the Blue Streak was really cool, the hotel looked nice, and the location at the lake was cool, plus Ultimate Trip was a great scrambler,

but, I was miffed that the train didn't work when I went, the wall of gum on the dark ride was unsettling (like the bathrooms!)

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Thursday, March 28, 2002 9:54 AM
Clearly this man doesn't have the resources or good creditablility to operate this place. Things are pearking up for the park; I don't see any reason to mess with it now.

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Off with the trims!
My fellow Americans; Let's Roll!
Woodencoaster.com

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Thursday, March 28, 2002 1:47 PM

In Gary's defense, he did reopen the park, and put people back to work. That is the bottom line. Conneaut has since had trouble with other 'operators' who have not been current on back taxes, utilities, and other mediocre issues. The current management team has experience, as they were appointed by the courts. They have been working for the park through all of the changes since 1993.

They are on top of things by wanted bills paid by 'previous operators', and they are aware of the fact that they could end up like Whalom Park and other small parks that have local financial issues. That park has such great potential that they just need a few breaks here and there, and then everything is happy again.

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Thursday, March 28, 2002 2:23 PM
You are right, sorry if I was a little harsh on my last post. But now things are starting to look up for Conneaut (they even got a Chance toboggan this year) and I say why mess with something that is working for the place? Does Gary actually own any portion of Conneaut still?

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Off with the trims!
My fellow Americans; Let's Roll!
Woodencoaster.com

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Thursday, March 28, 2002 2:32 PM
Yikes. I hope this pans out. Thanks for the info AJ. I fell in love with this place last year, and can't wait to visit again. I'm more than happy to offer my painting services too! Woo hoo, 3 weeks til the big 'ol paint-til-ya-drop! :) As for the Toboggan.....does anyone know where it is coming from? As long as it's not Lakemont's or Little A-Merrick-A's I can count it!
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Brad Sherman
Don't.....look.....back! The Headless Horseman awaits you in 2002!
Model coasters and rides
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Thursday, March 28, 2002 3:26 PM
I heard it was from Texas.

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Off with the trims!
My fellow Americans; Let's Roll!
Woodencoaster.com

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Thursday, March 28, 2002 3:31 PM
The toboggan is from a travelling show. The owner had a whole buncha rides, but wants to scale down his carnival a bit. I heard that Conneaut was planning on purchasing 3 rides, actually. The toboggan was one that was mentioned, so I would put credit in to this, as it's not just a rumor. We'll see if the other 2 pan out with their current finances.

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"When I was growing up, we were taught something called manners. You'd understand that if you weren't such an idiot." - Jack Handey

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Thursday, March 28, 2002 4:27 PM
The did get a kiddie carousel they origianly owned but sold (in the 80s?)

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Off with the trims!
My fellow Americans; Let's Roll!
Woodencoaster.com

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Thursday, March 28, 2002 6:05 PM
bigkirby... I may be mistaken (as I usually am) but I think that it was sold in the auction...

EDIT: I thought I was wrong! It was sold in 1982. No wonder I don't remember riding it.
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AIM: Pritti Kittie
*** This post was edited by Jess on 3/28/2002. ***

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Friday, March 29, 2002 4:31 AM
The kiddie mgr was sold in 1993 to a motorcycle dealer. The Toboggan is comign from Texas. It is little fan fare for the industry, but it is their first coaster since the installed the wooden mouse in the 60's. *** This post was edited by Agent Johnson on 3/29/2002. ***
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Friday, March 29, 2002 7:29 AM
Hye Agent J, was their kiddie coaster first at Conneaut, or is it a transplant?

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Off with the trims!
My fellow Americans; Let's Roll!
Woodencoaster.com

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Friday, March 29, 2002 7:52 AM
I belive they purchased it new.
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Friday, March 29, 2002 3:44 PM
When will the new coaster be ready and where will it be located?

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Saturday, March 30, 2002 11:35 AM
It's located somewhere in the park and it is ready now.

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Saturday, March 30, 2002 4:01 PM
Really? Is it cool?

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Sunday, March 31, 2002 3:40 AM

The tobbogan is one like this:

http://www.joyrides.com/lakemont/full/toboggan.htm

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Off with the trims!
My fellow Americans; Let's Roll!
Woodencoaster.com

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